Haiti - Economy : $17 million to promote the development of enterprises

iciHaiti - Florida : Interception of a luxury yacht filled with Haitian migrants

iciHaiti - USA : An AC-130 military plane lands in Port-au-Prince

iciHaiti - FAES : Donation of a 375 KVa generator to La Paix Hospital

iciHaiti - Insecurity : The Varreux oil terminal blocked

iciHaiti - Politic : Considerable progress during the month of April

more news

Haiti - News : Zapping...

Haiti - FLASH : Royal Caribbean cancels its stopovers in Haiti until the fall

Haiti - UN : Update on sources of illicit weapons and financial flows

Haiti - FLASH: In Geneva, Haiti calls for help from the UN for the restitution by France of the independence debt

Haiti - FLASH : «J-1» Installation of the CPT and election of the President-coordinator

more news

Haiti - Economy : $17 million to promote the development of enterprises
21/12/2012 10:11:16

The Interamerican Development Bank (IDB) announced 17.25 million to boost the development of micro, small and medium enterprises in Haiti. The programs will be carried out by the Ministry of Economy and Finance in coordination with the Ministry of Commerce and Industry. Program resources will be provided by the government and the private sector of Haiti ($7 million), the IDB ($5.25 million), and the Haiti Reconstruction Fund ($5 million).

One of the programs will expand a pilot project for sustainable textile production in priority economic areas. The program will include the use of a business incubator and the creation of "microparks" that foster micro-, small, and medium-size enterprises linked to industry, tourism, and agribusiness value chains.

Through the program, the business incubator is expected to support 56 new companies by providing technical, administrative, and financial support in the form of seed capital to implement medium- and long-term business plans.

The program will also include the creation of six microparks for firms that cannot afford their own production facilities. The microparks will give producers access to strategic investments in basic and productive infrastructure, technical assistance, and training in organization to support the generation of sustainable income.

A second program will encourage the creation of financing sources for small firms and agricultural enterprises. The program will finance loans for the creation of new leasing companies for machinery and other productive equipment.

An invitation will be made for the submission of leasing projects aimed at micro, small, and medium-size enterprises, including small farmers. Resources will be provided to projects that demonstrate a potential for solid financial returns as well as a positive impact on beneficiary firms. Most of resources for this program will be provided by the government of Haiti.

HL/ HaitiLibre